{"id":394698,"date":"2018-01-24T14:06:53","date_gmt":"2018-01-24T14:06:53","guid":{"rendered":"http:\/\/citifmonline.com\/?p=394698"},"modified":"2018-01-24T14:06:53","modified_gmt":"2018-01-24T14:06:53","slug":"esla-plc-closes-tap-10-yr-bond-today","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/01\/esla-plc-closes-tap-10-yr-bond-today\/","title":{"rendered":"ESLA Plc closes tap in of 10 yr bond today"},"content":{"rendered":"
The Managers of ESLA Plc, the entity mandated to raise money to pay Ghana\u2019s energy sector debts, are expected to close the re-opening of the 10 year bond, on Wednesday, January 24, 2018.<\/p>\n
ESLA Plc in November 2017, issued 7 and 10 year bonds to raise some 6 billion cedis to settle outstanding debts in the energy sector.<\/p>\n
The debt is estimated at 10 billion cedis or 2.5 billion dollars.<\/p>\n
In all, ESLA raised 4.7 billion cedis.<\/p>\n
The 7 year bond received the targeted 2.4 billion cedis while the 10-year bond accrued about 2.29 billion cedis, below the target of 3.6 billion cedis.<\/p>\n
Citi Business News<\/strong>\u00a0understands that ESLA Plc is seeking to raise at least 100 million cedis with the re-opening of the bond.<\/p>\n This is expected to attract interest between 19 and 19.4 percent.<\/p>\n The bond will mature on 27th October 2027.<\/p>\n Proceeds are expected to be listed on the Ghana Stock Exchange.<\/p>\n In a related development, the Energy Minister, Boakye Agyarko has told\u00a0Citi Business News<\/strong>\u00a0the government will be returning to the market in March 2018 to raise the remaining amount to clear the energy sector debts.<\/p>\n Though he wouldn\u2019t disclose any further details, Mr. Agyarko explained that the issuers will be looking at raising all the remaining amounted estimated at 6 billion cedis.<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Managers of ESLA Plc, the entity mandated to raise money to pay Ghana\u2019s energy sector debts, are expected to close the re-opening of the 10 year bond, on Wednesday, January 24, 2018. ESLA Plc in November 2017, issued 7 and 10 year bonds to raise some 6 billion cedis to settle outstanding debts in […]<\/p>\n","protected":false},"author":14,"featured_media":247100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[126,2002],"yoast_head":"\n